Treasury  Department     :   :     Bureau  of  Internal  Revenue 

Bulletin  "D" 

INCOME  TAX 


Average  Percentages  of  Pre-War  Income 
to  Pre-War  Invested  Capital  of  General 
Classes  of  Corporations,  Grouped  as  to 
Trades  or  Businesses,  as  Provided  for  in 
Section  311  (c)  (2),  Revenue  Act  of  1918 


U 


\^ 


WASHINGTON 

GOVERNMENT  PRINTING  OFFICE 

1919 


Treasury  Department     :   :     Bureau  of  Internal  Revenue 

Bulletin  "D" 

INCOME  TAX 


Average  Percentages  of  Pre-War  Income 
to  Pre-War  Invested  Capital  of  General 
Classes  of  Corporations,  Grouped  as  to 
Trades  or  Businesses,  as  Provided  for  in 
Section  311  (c)  (2),  Revenue  Act  of  1918 


WASHINGTON 
GOVERNMENT  PRINTING  OFFICE 

1019 


ADDITIONAL  COPIES 

OF  THIS  BULLETIN  MAY  BE  OBTAIKSD  YROii 

THE  SUPERINTENDENT  OF  DOCUMENTS 

GOVERNMENT  PRINTING  OFFICE 

•WASHINGTON ,  D    C,  UPON 

FAYMEKT  OF 

5  CENTS  PEU  COPY 
V 


CONTENTS. 


Industrial  Groups: 

Raw  materials —  I'age 

Agriculture  and  dependent  pursuits 6 

Mining 6 

Manufacturing — 

( "bcmical  manufacturing  and  allied  industries 6 

Foods  and  food  preparations 7 

Iron  and  steel  industries 7 

Leather  and  leather  goods  industries 8 

Liquors  and  beverages 8 

Lumber  and  woodworking  industries 8 

Metal  and  metallurgical  extractions 9 

Paper  manufacturing,  printing,  bookbinding,  publishing 9 

Stone,  clay,  and  glass  industrisa 9 

Textile  industries 10 

Special  manufactiuing  industries 10 

Financial :  Banks,  insurance  companies,  brokemgc  institutions. 1 1 

Common  can-id's  and  public  utilities 12 

Trading  and  miscellaneous 12 

Chart 13 

150304°     19  (3) 


Digitized  by  tine  Internet  Archive 

in  2007  witii  funding  from 

IVIicrosoft  Corporation 


http://www.arcliive.org/details/bulletindincometOOunitiala 


SCHEDULE  OF  AVERAGE  PERCENTAGES. 


Section  311  of  the  Revenue  Act  of  1918  provides  tliat  a  corpora- 
tion which  was  not  in  existence  during  the  whole  of  at  least  one 
calendar  year  during  the  prewar  period,  and  therefore  received  no 
income  during  the  prewar  period,  shall  be  allowed  a  specific  exemp- 
tion of  S3, 000  and— 

An  amount  equal  to  the  same  percentage  of  the  invested  capital  of  the  taxpayer 
for  the  taxable  year  as  the  average  percentage  of  net  income  to  invested  capital,  for 
the  prewar  period,  of  corporations  engaged  in  trade  or  business  of  the  same  general 
class  as  that  conducted  by  the  taxpayer,  but  such  amount  shall  in  no  case  be  less 
than  10  per  centum  of  the  invested  capital  of  the  taxpayer  for  the  taxable  year.  Such 
average  percentage  shall  be  determined  by  the  commissioner  on  the  basis  of  data 
contained  in  returns  made  under  Title  II  of  the  Revenue  Act  of  1917,  and  the  average 
known  as  the  median  shall  be  used. 

In  pursuance  of  this  requirement  of  the  law,  the  accompanying 
table  has  been  compiled  and  will  be  used  in  complying  with  section 
250(b),  which  provides: 

As  soon  as  practicable  after  the  return  is  filed,  the  commissioner  shall  examine  it. 
If  it  then  appears  that  the  correct  amount  of  the  tax  is  greater  or  less  than  that  shown 
in  the  return,  the  installments  shall  be  recomputed.  If  the  amount  already  paid 
exceeds  that  which  should  have  been  paid  on  the  basis  of  the  installments  as  recom- 
puted, the  excess  so  paid  shall  be  credited  against  the  subsequent  installments;  and 
if  the  amount  already  paid  exceeds  the  correct  amount  of  the  tax,  the  excess  shall  be 
credited  or  refunded  to  the  taxpayer  in  accordance  with  the  provisions  of  section  252. 

Inasmuch  as  the  examination  of  all  returns  filed  will  not  be  com- 
pleted by  the  due  date  of  the  last  installment  of  1918  taxes,  it  is 
suggested  that  the  taxpayers  entitled  to  credit  based  on  the  appro- 
])riate  average  percentage  shown  in  the  accompanying  tables  may 
recompute  their  tax,  using  a  war  profits  credit  based  on  such  average 
percentage,  and  file  claim  for  abatement  for  as  much  of  the  last 
installment  of  the  outstanding  assessment  as  the  total  tax  assessed 
exceeds  the  tax  so  recomputed.  In  any  case  where  the  amount 
already  paid  exceeds  the  amount  due,  with  the  benefit  of  the  average 
percentage,  claim  for  refund  should  also  be  filed  on  Form  40. 

(5) 


Average  Percentages  of  Prewar  Income  to  Prewar  Invested  Capital  of 
General  Classes  op  Corporations,  Grouped  as  to  Trades  or  Businesses, 
as  Provided  for  in  Section  311  (c)  (2),  Revenue  Act  op  1918. 

RAW  MATERIALS:  AGRICULTURE  AND  DEPENDENT  PURSUITS. 


Subdivisions. 


1.  Cotton  ginning 

2.  Cotton  growing 

3.  Daiiying  and  dependent  pursuits,  including  butter,  cheese, 

an(i  condensed  milk 

4.  Fisheries 

5.  Florists,  nurserymen,  and  seedmen 

G.  Forestrj'  and  forestal  pursuits,  naval  stores,  charcoal  burning 

and  grinding 

7.  Fruit  and  vegetable  growing,  including  \'ineyards,  orchards, 

and  trucking 

8.  Grain  growing 

9.  Poultry'  raising  and  products 

10.  Mixed  farming,  including  stock  breeding,  stock  raising,  and 

general  animal  husbandry.    Agricultural  pursuits  not  else- 
where specified 


Average 
percentage. 


Per  cent. 
11.  73. 
Not  over  10.00. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 

13. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 


Not  over  10.00. 


RAW  MATERIALS:  MINING. 


1.  Cinnabar 

2.  Clay 

3.  Coal,  anthracite 

4.  Coal,  bituminous — 

5.  Copper 

6.  Gravel  and  sand 

7.  Gypsum 

8.  Iron 

9.  Lead  and  zinc —  ^ . . 

10.  Limestone 

11.  Natural  gas 

12.  Petroleum 

13.  Phosphate 

14.  Pipelines 

15.  Salt 

16.  Silver,  complex  ores 

17.  Talc  and  soapstone.. 


Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
n.  8L 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
17.  24. 
Not  over 
Not  over 
Not  over 


10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 

10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 

10.00. 
10.00. 
10.00. 


.\LVNUFACTURING:  CHEMICAI/  MANUFACTURING  AND  ALLIED  INDUSTRIES. 


1.  Baking  powder,  yoast 

2.  Blacking,  bluing,  whiting,  stains  and  dressing,  dycstuffs,  ex- 

tracts and  coloring  materials,  inks  (printing  and  writing), 
paints,  and  varnishes 

3.  (yoUuloid  and  products 

4.  Cleansing  and  polishing  preparations,  soaps  and  wasliing  com- 

pounds  .- 

5.  ( !rude  chemicals,  including  loading  acids,  fertilizci-s,  etc 

G.  Druggist's  preparations,  including  perfumery,  cosmetics,  and 

patent  medicine  compounds 

7.  Oils,  vegetable  and  animal,  including  seed  cake 

8.  Petroleum  refining,  products  and  by-products 

9.  Chemicals,  not  elsewhere  specifiod 


14.14. 


11.44. 

Not  over  10.00. 

10.50. 

Not  over  10.00. 

10.98. 

Not  over  10.00. 

11.27. 

Not  over  10.00. 


AvEHAGE  Percentages  of  Prewar  Income  to  Prewar  Tnve.stei>  Capital  op 
General  Classes  of  Corporations,  Grouped  as  to  Trades  or  iiusiNESSEs, 
AS  Provided  for  in  Section  311  (c)  (2),  Revenue  Act  op  1918— Continued. 

MANUFACTURING:  FOODS  AND  FOOD  rUErAKATIONS. 


Subdivisions. 


Average 
percentage. 


1.  Bread  and  other  bakery  products,  not  including  confectionery 

2.  Canning,  preserving,  and  evaporating  fruits,  vegetables,  fish, 

oysters,  and  shiimps 

3.  Chocolate  and  cocoa  products,  candy  and  confectionery 

4.  Coffee  roasting,  grinding  spices,  and  coffee  substitutes 

5.  Flavoring  extracts,  sirups,  and  cordials  used  in  bottling  indus- 

tries  

6.  Flour,  feed,  and  grist  mills 

7.  Meat-packing,  packing-house  products,  and  by-products..... 

8.  Oleomargarine  and  other  butter  and  lard  substitutes,  including 

both  animal  and  vegetable 

9.  Pickling  establisliments 

10.  Rice  mills,  cleaning  and  polishing,  not  including  rice  flour. . . 

11.  Special  package  footls,  such  as  comstarcli,  macaroni,  tapioca, 

etc.,  breakfast  foods  and  other  cereal  products 

12.  Sugar-beet,  including  refining,  molasses  recovery 

13.  Sugar-cane,  including  molasses  and  sirup  in  bulk 

14.  Sirups  and  molasses — glucose  and  others,  including  maple 

15.  Vinegar  and  cider 

IG.  Food  preparations,  not  elsewhere  specified 


Per  cent. 
11.26. 

10.67. 

Not  over  10.00. 

10.87. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 

12.45. 

Not  over  10.00. 

Not  over  10.00. 

10.79. 

Not  over  10.00. 

Not  over  10.00. 

Not  over  10.00. 

Not  over  10.00. 

10.83. 


MANUFACTURING:  IRON  .\ND  STEEL  INDUSTRIES. 


10. 
11. 
12. 
13. 
14. 
15. 
16. 
17. 
18. 
19. 
20. 
21. 
22. 


Agricultural  implements 

.\utoraobile3  and  auto  parts,  including  bicycles  and  motor- 
cycles and  parts,  motor  trucks  and  motor-truck  parts 

Bla.«t-f  urnace  products 

Boilers,  evaporating  pans,  oil-tanks,  and  silos 

Bolts  and  nuts,  including  washers  and  rivdts 

Engines — Steam,  gas,  and  oil 

Forging  and  foundry  products,  including  castings,  car  wheels, 
and  stoves 

Hardware,  special  and  general 

Heating,  cooling,  and  ventilating  apparatus,  including  fur- 
naces (no  stoves),  refrigerating  plants,  dust-collecting  systems 

Machinery — Elo'trical  and  other  electrical  apparatus 

Machinery — Excavating,  cars,  and  tools 

Machinery — Hoiiling,  cranes,  derricks,  and  conveyors 

Machinery — Huiniditying,  air-moistening,  and  air-conditioning. 

Machinery — Laundry' 

Machinery — Mill,  neither  textile  nor  woodworking 

Machinery — Mining 

Machinery — Printing  and  duplicating 

Machinery'—  Sawmill 

Machinery- — Textile,  also  parts 

Machinerj- — Woodworking 

Machines — Adding  and  calculating 

Machines — Check-writing,  slot,  testing,  vending,  weighing,  in- 
cluding addre.ssographs,  balances,  scales,  registering  devices, 
and  watchman's  clocks 

Machines — Sewing 

Meters — Gas,  water,  etc 

Plumbing  sujiplie-i.  including  gas  and  water  apparatus,  porce- 
lain wares  tor  kitchen  and  laundry 

Pumps ' 


Not  over  10.00. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 

Not  over  10.00. 
Not  over  10.00. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  iO.OO. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
10.42. 

Not  over  10.00. 
Not  over  10.00. 


Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 

Not  over  10.00. 
Not  over  10.00. 


8 

Average  Percentages  op  Prewar  Income  to  Prewar  Invested  Capital  of 
Geveral  Classes  of  Corporations,  Grouped  as  to  Trades  or  Businesses, 
AS  Provided  for  in  Section  311  (c)  (2),  Revenue  Act  op  1918— Continued. 

MANUFACTURING:  IRON  AND  STEEL  INDUSTRIES— Continued. 


Subdivisions. 


Average 
percentage. 


27.  Railway  equipment,  including  locomotives,   street  railway, 

miuino:,  and  industrial  cars 

28.  Safes  and  vaults 

29.  Shipbuilding 

30.  Steel  plants  and  rolling-mill  products,  including  tin  and  terne- 

plato  mill  products,  iron  and  steel  chains,  stoel  doors  and 
shutters 

31.  Structural  steel 

32.  Tin  cans  and  tinware 

33.  Tools — Farm,  garden,  machine,  mechanics,  mining,  lumbering. 

railroad-track  repairing,  including  bench  lathes,  sliears,  and 
saws 

34.  Tractors — Fai"m  and  highway 

35.  Typewriters  and  typesetting  machinerj' 

36.  Wire  cables,  fences,  springs,  nails,  and  spikes 

37.  Iron  and  steel  products  uot  elsewhere  specified 


Per  cent. 

Not  over  lO.Oa 

Not  over  10.00. 
Not  over  10.00. 


Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 


Not  over  10.00. 

Not  over  10.00. 

Not  over  10.00. 

10.24. 

Not  over  10.00. 


MANUFACTURING:  LEATHER  AND  LEATHER  GOODS  INDUSTRIES. 


1.  Boots  and  shoes 

2.  Leather  manufacture 

3.  Leather  substitutes 

4.  Leather  articles  other  than  boots  and  shoes 


10.94. 
10.69. 
11.82. 
Not  over  10.00. 


MANUFACTURING:  LIQUORS  AND  BEVERAGES. 


1 .  Bottling  of  liq uors  and  soft  drinks  as  distinct  from  manufacturing 

2.  Distillers  of  whiskies  and  spirits,   refining  and  rectifying  of 

liquors  and  beverages 

3.  Malt  liquors  (brewers) 

4.  Winea 

5.  Nonintoxicating  beverages — Coco-Cola  and  other  special  drinks, 

mineral,  soda,  and  aerated  waters,  including  bottled  tonic 
drinks,  soft  drinks,  spring  waters,  malting  grains,  all  others 
not  clsewhore  specified 


Not  ovei-  10.00. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 


Not  over  10.00. 


MANUFACTURING:  LUMBER  AND  WOODWORKING  INDUSTRIES. 


1.  Box  boards,  bswkets.  cases 

2.  Caskets,  coflBns,  burial  cases  of  wood,  not  including  steel  or 

concrete 

3.  Furniture,  all  classes,  including  veneering,  chair  seating 

4.  Mills— Shingle,  lath 

.*).  Paper  pulp  and  i)ulp  board 

C.  Planing  mills,  flooring,  sash,  doors,  partitions,  and  interior  work 

generally 

7.  Ready-made  houses 

8.  Rilos  and  silo  materials,  cooperage  stock,  tanks,  not  including 

steel  or  concrete 

!».  Timbering,  logging,  and  sawmill  operations 

10.  Wagons  and  buggies 

11.  Wood  fiber.",  leatheroid,  wood  composition  in  other  commodities. 

12.  Woodworking  industries,  not  elsewhere  specified 


Not  over  10.00. 

Not  over  10.00 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 

Not  over  10.00. 
Not  over  10.00. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 


9 

Average  Percentages  op  Prewar  Income  to  Prewar  Invested  Capital  o» 
General  Classes  of  Corporations,  Grouped  as  to  Trades  or  Businesses, 
as  Provided  for  in  Section  311  (c)  (2),  Revenue  Act  of  1918~Contimiorl. 

JLVNUFACTURING:  METAL  AND  METALLURGICAL  EXTRACTIONS. 


Subdivisions. 


Avtrage 
percentage. 


1.  Brass,  bronze,  copper,  and  aluminum  products : 

2.  Clocks,  watches,  caronometers c 

3.  Cooking  utensils  (other  than  copper),  granite  goods,  etc 

4.  Cutlery,  scissors,  razors 

5.  Galvanized  materials,  spouting,  gutters,  metal  roofing 

G.  Gas  and  electric  fixtures 

7.  Jewelry 

8.  Lamps  and  accessories 

9.  Lead  products 

10.  Needles,  pins,  metal  hairpins,  and  pen  points 

11.  Plate  ware,  electroplate,  etc 

12.  Professional  and  scientific  instruments,  including  dental  sup- 

plies, and  optical  goods,  surgical  and  hospital  appliances, 
photographic  apparatus  and  materials 

13.  Silverware  and  goldware,  other  than  jewelry 

14.  Smelting  and  refining — copper,  lead,  zinc,  etc 

15.  Metal  and  metallurgical  industries,  not  elsewhere  specified 


Per  cent. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
15.54. 
Not  over  10.00. 


10.50. 

Not  over  10.00. 
Not  over  10. Oa 
Not  over  10.00. 


MANUFACTURING:PAPERMANUFACTURINO. PRINTING,  BOOKBINDING,  PUBUSmXG. 


Blank  paper 

Book  and  job  printing,  lithogitiphing,  including  bank  note  and 

boud  printing,  labels,  tags,  and  decorative  paper 

Book  binding  and  blank  book  making 

Cardboard,  box  materials,  and  box  manufacturer 

Envelopes. 

Paper  utensils 

Photo-engra\'ing  and  printing  processes 

Printing  materials 

Publi.shing  newspapers  and  other  periodicals 

Typo  founding,  stereotyping,  and  eiectrotyping 

Wall  paper 

Wrapping  ]Kiper 

Paper  and  pn nting,  not  elsewhere  specified 


Not  over 

10.00. 

Not  over 

10.00. 

Not  over 

10.00. 

10.48. 

10.28. 

Not  over 

10.00. 

Not  over 

10.00. 

Not  over 

10.00 

Not  over 

10.00. 

13.17. 

Not  over 

10.00. 

Not  over 

10.00. 

Not  over 

10.00. 

MANUFACTURING:  STONE,  CLAY,  AND  GL.\S8  INDUSTRIK.' 


1.  Abra?ivo  products,   including  emery  wheels,  sandpaper,   and 

corundum 

2.  Building  brick,  eewer  and   drainage  pipe,  fire  brick,  furnaco 

linings,  pottery,  terra  cotta,  crucible?,  tiling,  laundry  tub.«, 
refractories,  and  earthenware 

3.  Cement 

4.  Concrete  construction,  including  artificial  stone 

5.  Glassware,  including  household,  hotel,  and   barroom  supplies. 

X-ray  tubes,  thermos  bottles,  mirrors,  refractors,  illuminat- 
ing glass,  etc 

6.  Glass — window,  wire,  and  skylight... 

7.  Lime  and  plaster 

8.  Monuments,  tombstones,  burial  vaults 

9.  Porcelain  goods  and  ceramic  products,  not  elsewhere  specified. . 


12.72. 


Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 


Not  over  10.00. 
rCot  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 


10 

Average  PEneENTAOEs  of  Prewaii  Income  to  Prewar  Invested  Capital  op 
General  Classes  of  Corporations,  Grouped  as  to  Trades  or  Businesses, 
AS  Provided  foii  in  Section  311  (c)  (2),  Revenue  Act  op  1918— Continued. 

MANUFACTURING:  TEXTILE  INDUSTRIES. 


Subdivisions. 


Average 
percentage. 


1.  Awnings,  tents,  tarpaulins,  etc 

2.  Bags  and  bagging — Cotton  and  burlap 

3.  Batting  mills 

4.  Carpets  and  rugs,  including  cotton,  wool,  and  grass 

5.  Clothing — Men's,  overcoats,  suits,  etc 

6.  Clothing — Ladies'  coats,  suits,  and  dresses j 

7.  Clothing — Miscellaneous,  uniforms,  furriers,  regalia,  belts,  gar- 

ters, etc 

8.  Corsets  and  brassiers 

9.  Cotton  converters,  dyers,  finishers,  mercerizers,  bleachers,  and 

prints 

10.  Cotton  duck 

11.  Cotton  goods  manufacturing — Colored,   fancy,  gray,   brown, 

print  cloth,  and  sheeting 

12.  Cotton  laces,  curtains,  quilts,  embroideries 

13.  Cotton  spinning — Fine  yarns 

14.  Cotton  spinning — Medium  and  coarse  yarns 

15.  Dyers  of  fur 

16.  Hats,  caps,  scarfs  and  other  headwear  and  neckwear. 

17.  Hosiery  and  knit  goods,  including  knitted  and  fabric  underwear 

18.  Millinery  and  millinery  goods 

19.  Rope  and  cordage 

20.  Shirts,  collars,  and  cuffs 

21 .  Silk — Dyeing  and  finishing 

22.  Silk  manufacturing — Broad 

23.  Silk  manufacturing — Ribbons,  woven  labels 

24.  Silk — Spinning 

25.  Silk— Throwing 

26.  Thread,  tapes,  and  braids,  cotton  and  silk 

27.  Towels,  damask,  handkerchiefs  (cotton  and  linen) 

28.  Upholstery  cloth  and  trimmings  (cotton  and  wool) 

29.  Waste — Cotton  and  wool,  linters ,  and  oakum 

30.  Wool  and  worsted — Dyeing  and  finishing 

31.  Wool  and  worsted — Spinning  and  combing 

32.  Wool  and  worsted  weaving 

33.  Textile  manufacturing,  not  elsewhere  specified 


Per  cent. 
11.88. 
17.34. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 

Not  over  10.00. 
19.90. 

Not  over  10.00. 
11.90. 


Not  over 
Not  over 
10.17. 
Not  over 
11.97. 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
12.10. 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
11.89. 
Not  over 
Not  over 
Not  over 
Not  over 


10.00. 
10.00. 

10.00. 

10.00. 
10.00. 
10.00. 
10.00. 
10.00. 

10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 

10.00. 
10.00. 
10.00. 
10.00. 


MANUFACTURING:  SPECIAL  MANUFACTURING  INDUSTRIES. 


1.  Ammunition,  explosives  and  fireworks 

2.  Artificial  flowers .• 

3.  Artificial  limbs 

4.  Asbestos  wares,  magnesia,  material  for  insulation 

5.  Bedding,  mattresses,  and  undertakers'  supplies 

0.  Brooms  and  brushes 

7.  Buttons,  beads,  rosaries 

8.  Coke 

9.  Combs — Bone,  ivory,  etc 

10.  Dairymen'e,  poultrymen's  and  apiarist's  supplies 

11.  Fire  extinguishers,  including  mechanical  and  chemical  appa- 

ratus, automatic  sprinklers,  lire  trucks 

12.  Hair  goods 

13.  Hand  ft  amps— Rubber,  metal,  etc 


11.28. 
Not  over 
Not  over 
10.88. 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 


10.00. 
10.00. 

10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 


Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 


11 

Average  Percextaqes  ov  Prewar  Income  to  Prewar  Invested  Oapitai,  op 
General  Classes  op  Corporations,  Grouped  as  to  Trades  or  Businesses, 
AS  Provided  for  in  Section  311  (c)  (2),  Revenue   Act  of  1918 — Continued. 

MANUFACTURING:  SPECIAL  MANUFACTURING  INDUSTRIES-Continued. 


Subdivisions. 


Average 
percentage. 


14.  House  furnishing  goods,  screen  doors  and  windows,  window 

shades 

15.  Ice 

16.  Jewelry  and  instrument  cases 

17.  Models  and  patterns  (not  including  paper  patterns),  molds 

18.  Mufilage  and  paste 

19.  Phonogi-aphs  and  all  other  musical  instruments  and  parts  (not 

including  pianos,  organs  and  parts) 

20.  Pianos,  organs,  and  parts 

21.  Roofing  materials  other  than  metal 

22.  Rubber  boots,  shoes,  and  clothing 

23.  Rubber  tires,   belting,   hose,   tubing,  including  nonmetallic 

conduits -. 

24.  Rubber  goods  not  elsewhere  specified 

25.  Shipbuilding— wooden  craft  of  all  kinds 

26.  Signs  and  advertising  novelties 

27.  Small  metal  specialties 

28.  Soda-fountain  apparatus,  siphons 

29.  Sporting  and  at nletic  goods  (including  pleasure  boats  but  not 

yachts),  amusement  appliances 

30.  Stationery  goods,  school  supplies,  office  system  supplies 

31.  Stencil,  dvc  sinking,  seals 

32.  Tobacco. ." 

33.  Toys,  children's  tools,  and  vehicles,  including  baby  carriages, 

carts,  games,  and  Christmas  novelties 

34.  Umbrellas  and  canes 

35.  Washing  macliines  and  clothes  wringers 

36.  Windmills 

37.  Special  products  not  elsewhere  specified 


Per  etnl. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
11.23. 

11.53. 

Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 

Not  over  10.00. 

Not  over  10.00. 

10.15. 

14.45. 

Not  over  lO.CO. 

15.20. 

Not  over  10.00. 
10.36. 

Not  over  10.00. 
12.87. 

Not  over  10.00. 

Not  over  10.00. 

12.22. 

Not  over  10.00. 

Not  over  10.00. 


FINANCIAL:  BANKS.  INSURANCE  COMPANIES,  BROKERAGE  INSTITUTIONS. 


1.  Banking — International 

2.  Banking— Private,  money  lenders,  and  pawnbrokers 

3.  Banking  -Savings 

1.  Banking— State  and  national 

5.  Banking— Trust  companies 

6.  Banking  and  financial  operations  not  elsewhere  specified. . . . 

7.  Building  and  loan  associations 

8.  Burglar-alarm  systems 

0.  Holding  companies,  incorporated  estates,  trusts,  investment 

concerns 

10.  Insurance  brokers 

11.  Insurance — Fidelity  and  surety 

12.  Insurance — Fire,  mutual 

13.  Insurance— Fire,  stock 

14.  Insurance — Life,  mutual 

15.  Insurance — Life,  stock 

10.  Insurance— Marine 

17.  Insurance — Casualty,  mutual 

18.  Insurance— Casualty,  stock 

19.  Insurance— Title  and  abstract 

20.  Insurance — not  elsewhere  specified 

21.  Safe  deposit  vaults 

22.  Stock  brokers  and  dealers  in  securities  on  commission 


Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 

Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 


10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 

10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 
10.00. 


12 

■AvEUAGE  I'kkcektages  OK  Pkewak  Income  to  I'kewar  Invested  Caj'ital  of 
General  (Yasses  of  Corporations,  Grouped  as  to  Trades  or  Businesses, 
AS  Provided  for  in  Section-  311  (r)  (2),  Revenue  Act  of  1918 — Continued. 

COMMON  CARRIERS  AND  PUBLIC  UTILITIES. 


StrbdivisioDF. 


Average 
percentage. 


8. 

9. 
10. 
11. 
12. 
13. 
14. 
15. 

IG. 
17. 


Cold  storage  and  ice 

Cotton  coniprossors  and  cotton  storage 

Gas  companies,  illuminating  and  fuel 

Grain  elevators o . .  - 

Irrigation  waterworks 

Light  and  power,  including  water  and  electric.  Hydro-electric 
lighting 

Market  houses — public 

Railways — electric,  city,  suburban  and  interurban 

Railway  express  companies 

Railwavs — steam 

Steamships — local,  river,  lake,  coastwise,  and  ocean  lines 

Stockj-ards 

Tank-car  companies,  refrigerator,  ventilator,  and  live-stock  cars 

Telephone  and  telegraph  companies 

Warehouse  and  storage,  other  than  cotton  storage,  wharves,  for- 
warding, teaming,  stevedoring,  local  express 

Water  filtration,  distribution  for  domestic  use 

Common  carriers  and  public  utilities,  not  elsewhere  specified. 
Toll  bridge,  bridge  companies,  ferry,  turnpike,  United  Press 
Association,  passenger  bus  line,  canals,  etc 


Per  cent. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 
Not  over  10.00. 


Not  over 
Not  over 
Not  over 
13.89. 
Not  over 
Not  over 
Not  over 
Not  over 
Not  over 


10.00. 
10.00. 
10.00. 

10.00. 
10.00. 
10.00. 
10.00. 
10.00. 


Not  over  10.00. 
Not  over  10.00. 


Not  over  10.00. 


TRADING  AND  MISCELLANEOUS. 


10. 
11. 

12. 

13. 
14. 
15. 
16. 
17. 
18. 
19. 
20. 
21. 


Brokers — freight,  ^in,  merchandise,  real  estate  and  ship,  pur- 
chasing and  selling  agents,  manufacturer's  agents,  exporters 
and  importers  (commission  only),  automobiles,  sale  of  metals 

Garages  and  livery  stables 

Jobbers — merchandise,  general,  and  special 

Merchant  tailoring,  needlework,  etc 

Merchants — retail 

Merchants — wholesale 

Real  estate  operators  and  promoters 

Trading  concerns  not  elsewhere  specified 

Amusements,  theatres,  mo\'ing  picture  shows,  county  fairs,  race 
tracks,  and  clubs 

Barbers,  bathhouses,  etc 

Consultino;  engineeif,  appraisers,  accountants,  adjusters,  archi- 
tects, cneraists,  assayers,  and  metallurgists 

Contractors,  building  construction,  street  paving,  machine  in- 
stallation, etc 

Decorators  and  interior  designing 

Hospitals,  sanitariums,  etc 

Hotels 

Laundries,  dry  cleaning,  dyeing,  etc 

Photographs  and  art  portraits : 

Restaurants 

Schools,  colleges,  etc 

Undertakers 

Miscellaneous  concerns,  not  elsewhere  specified,  including 
typewriter  exchange,  tyi>esetting,  advertising  services,  com- 
mercial agencie.",  and  detective  agencies 


Not  over 
Not  over 
Not  over 
17.14. 
Not  over 
10.45. 
Not  over 
Not  over 


10.00. 
10.00. 
10.00. 

10.00. 

10.00. 
10.00. 


Not  over  10.00. 
Not  over  10.00. 

Not  over  10.00. 


Not  over 
Not  over 
Not  over 
Not  over 
Not  over 
19.66. 
Not  over 
Not  over 
Not  over 


10.00. 
10.00. 
10.00. 
10.00. 
10.00. 

10.00. 
10.00. 
10.00. 


Not  over  10.00. 


13 

CHART 

Showing  the  Average  Percextaoes  of  Net  Inxome  to  Invested  CjU'iTAii  fob 
THE  Prewar  Period,  and  the  Numder  op  Industrial  Groups  op  the  Saste 
Class  of  Business  Under  Each  Median. 


Total 
number 

of 
industrial 

sub- 
divisions. 

Medians  or  average  percentages  of  net  income  to  invested 
capital. 

Industry. 

a 
a 

§ 

Ut 

1 

3 
13 

l-i 

g 
O 

o 
•a 

6^ 

CO 

-§ 

•a 
c 
a 

2 

Ci 

1 

a 

09 

n 

•o 

1.1 

•o 
a 

3 

g 
■«i< 

i 

1 

1 

s 

o 
•a 

s 

§ 

i 

•3 

C 
3 

•a 
a 
a 

i 

u 

a 

•a 

a 

3 

3 
1 

s 

1 

.  § 

Agricultiu-e  and  dependent  pur- 

10 
17 

22 

n 

37 

9 

10 

4 
5 

15 

13 
37 
9 
33 

12 
21 

8 
15 

22 

IG 
35 

4 

10 

1 

5 

13 

10 

27 

8 

25 

12 
18 



1 
1 

:™ 

1 

Mining 

1 

Financial:  Banks,  insurance  com- 
panies, brokerage  institutions. . . 

Common  carriers  and  public  utili- 
ties  

2 

1 
1 

■~3" 

t 

1 

2 
2 
4 
2 

1 

2 
2 
„ 

"T 

Cheniicalmanufacturing  and  allied 

1 

Manulacturing    foods    and    food 
products 

Leather  and  leather  goods  Indus- 
trie-;  



Liquors  and  beverages 

Metal  and  metallurgical  extrac- 

"~2 
I 
1 

1 



1 

Paper    manufacturing,    printing, 

bookl)indin!;,  publishing 

Special  manufacturing  intlustrics. . 
Stone,  cla%",  and  glass  industries. . 

1 

1 

1 

Text  lie  industries 

1 

I 

Lumbering  and  woodworking  in- 
dustries   .• 

I 

1 

TotaL.„ 

277 

229 

17 

13  I      5 

1 

3 

2 

2 

1 

3 

2 

o 


UC  SOUTHERN  REGIONAL  LIBRARY  FACILITY 

- -11"  mil  III!  111!  mil  llf 


AA      000  055  769    4 


1 


